Sectors

PUBLIC INVESTMENT FUND

PIF Acquires Stake in Jasara Program Management Co., Agrees to $10b Loan Terms

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Saudi Arabia’s Public Investment Fund (PIF) has acquired a 40% stake in Jasara Program Management Co., a joint venture between Saudi Aramco and Jacobs Engineering Group, three people familiar with the matter told Bloomberg.

E-COMMERCE

New E-Commerce Law in Saudi Arabia May Boost Kingdom’s Fast-Growing Online Retail Market – Report

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A new e-commerce law in Saudi Arabia, passed last week by the Saudi cabinet, is set to "further accelerate the kingdom’s fast-growing online retail market," analysts told Zawya.

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